Legal Question in Business Law in Nevada
corporate
50% ownership of business w/brother. He stopped my pay and my insurance 2 days out of the hospital. I found other work, but am still on the corp as 1/2 owner. What are my rights, what can I if anything demand, and can he take me off as owner without my sig. Are there legal steps I can take to recoup some of the lost income I've had, and can I make him pay for 1/2 of the assets? i don't have a clue what my rights are.
3 Answers from Attorneys
Re: corporate
As a 50% owner of a company you definitely have rights, and depending on the circumstances you may even be entitled to back-pay and you may have a claim for wrongful termination and COBRA rights.
Re: corporate
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Dear Fifty percent owner:
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Re: corporate
He cannot legally unilaterally kick you out. You can take him to Court and ask for an accounting and for 50% of the corporate assets, if any, in a dissolution. I am surprised you name is not on the corporate checking account. However, unless you take him to Court the police are not going to get involved in a business divorce.
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